Propex24 Review 2026

Item: Propex24
Rating: 5.39
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: July 12, 2026

Top Brokers Overview — United States

Min. deposit $2,000
Fees 6 /10
Account types 0 /10
Regulation 8 /10

5.4 /10

Moderate risk

Propex24 User Reviews 7.2
Commissions and Fees 6.0
Regulation and Safety 8.0
Deposit and Withdrawal 6.5
Markets and Tradable Assets 8.3
Trading Account Opening 5.0
Customer Support 5.2

Propex24 Pros & Cons

Reliable regulation and long-standing presence in financial markets since 2005.
Over 40,000 assets.
Advanced training on the website and free access to comprehensive educational courses.
10 base account currencies.
Floating spreads starting from 0.3 pips.
There are no fees for deposits and withdrawals.
Demo accounts and mobile versions of the trading platform are available.

The minimum deposit is AUD 3,000 or an equivalent in another currency, and cent accounts are not available.
Maximum leverage is 1:30.
Limited payment methods, as only bank transfer and card payments are available.

TU Expert Verdict

Propex24 demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

Top-5 Brokers Traders Prefer

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OANDA

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Trading.com USA

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FOREX.com

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EUR/USD 0.7 pips

Propex24 User Reviews

Score:

7.2 /10

5 total

5-star

20%
4-star

20%
3-star

60%
2-star

0%
1-star

0%

propex24 enjoys a high level of trust thanks to its long-standing presence in the market since 2005 and its sound regulatory framework. This gives confidence that the company is not only reliable, but also transparent. The advantage is that traders can feel protected by the fact that the company's shares are monitored by reputable regulators. But despite this, I can't say I'm thrilled with everything. I'm a little taken aback by the high minimum deposit of A$3,000. For many beginners or those who just want to try it out, this amount can be quite high. In addition, the lack of penny accounts limits the possibilities for small transactions, which isn't very practical either. I'd like to see the company offer more flexible conditions for starting to trade, such as a lower minimum deposit or the possibility of opening a penny account.

propex24 jouit d'une grande confiance en raison de sa longue présence sur le marché depuis 2005 et de sa bonne réglementation. Cela donne l'assurance que la société est non seulement fiable, mais aussi transparente. L'avantage est que les traders peuvent se sentir protégés par le fait que les actions de la société sont contrôlées par des régulateurs réputés. Mais malgré cela, je ne peux pas dire que je suis ravi de tout. Je suis un peu déconcerté par le dépôt minimum élevé de 3 000 dollars australiens. Pour de nombreux débutants ou ceux qui veulent juste s'essayer, ce montant peut être assez élevé. En outre, l'absence de comptes en cents limite les possibilités de petites transactions, ce qui n'est pas très pratique non plus. J'aimerais que la société offre des conditions plus souples pour commencer à trader, par exemple un dépôt minimum plus faible ou la possibilité d'ouvrir un compte en cents.

Propex24 is a broker that has already earned the trust of over 40,000 active traders. This popularity speaks for itself: the company manages to retain its customers thanks to the quality of its services and its reliability. I think so many people can't be wrong, and that's an excellent indicator of the broker's success. Such a large number of users also creates a sense of trust - if the broker is so popular, it means he can really be trusted. But this is not without its drawbacks. The maximum leverage of 1:30 limits the scope for more active trading. This can be particularly troublesome for those who prefer riskier strategies with higher leverage. For experienced traders accustomed to leverage of 1:100 or more, such limitations can be a serious disadvantage.

Propex24 est un courtier qui a déjà gagné la confiance de plus de 40 000 traders actifs. Cette popularité parle d'elle-même : la société parvient à fidéliser ses clients grâce à la qualité de ses services et à sa fiabilité. Je pense qu'autant de personnes ne peuvent pas se tromper, et c'est un excellent indicateur du succès du courtier. Un tel nombre d'utilisateurs crée également un sentiment de confiance - si le courtier est si populaire, c'est qu'on peut vraiment lui faire confiance.
Mais cela n'est pas sans inconvénients. L'effet de levier maximal de 1:30 limite les possibilités de transactions plus actives. Cela peut être particulièrement gênant pour ceux qui préfèrent des stratégies plus risquées avec l'utilisation d'un effet de levier plus important. Pour les traders expérimentés qui sont habitués à un effet de levier de 1:100 ou plus, de telles limitations peuvent constituer un sérieux désavantage.

Propex24's TraderGo platform, designed for retail trading, offers a distinct experience compared to MetaTrader. It was particularly challenging to understand the commission calculations due to the numerous pop-up windows. However, I liked the asset search feature: you don't need to enter the full ticker, it finds results even with the first letter. The trading conditions are quite favorable for the client. I haven't seen any exorbitant spreads with Propex24, and there are no hidden fees. The platform has a lot of analytics and an integrated economic calendar. The selection of currency pairs is excellent as I've never seen such diversity with any other broker. They could improve the choice of payment systems, but it seems easier to comply with ASIC requirements this way.

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Commissions and Fees

Score:

6 /10

The trading and non-trading commissions of Propex24 have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

Low Forex trading fees
No inactivity fee
No deposit fee
No withdrawal fee

No ECN/Raw Spread account

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of Propex24 with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, Propex24’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

Propex24 Standard spreads
	Propex24	ZForex	OANDA
EUR/USD min, pips	0.6	0.1	0.1
EUR/USD max, pips	1.1	0.4	0.5
GPB/USD min, pips	1.2	0.2	0.1
GPB/USD max, pips	1.9	0.6	0.5

Does Propex24 support RAW/ECN accounts?

As we discovered, Propex24 does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with Propex24. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

Propex24 Non-Trading Fees
	Propex24	ZForex	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0	0	0-15
Inactivity fee ($, per month)	0	0	0

Is Propex24 Safe?

Score:

8 /10

Propex24 has a safety score of 8/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Tier-1 regulated

No negative balance protection

Propex24 Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
ASIC	Full Name Australian Securities and Investments Commission	Country of regulation Australia	Investor Protection Fund No specific fund but has stringent consumer protection	Regulation Level Tier-1

Propex24 Security Factors
Foundation date	-
Negative balance protection	No
Verification (KYC)	Yes

Account Types

Score:

0 /10

Propex24 offers the following account options: Demo, Standard.

Propex24 covers the core account types, making it convenient for traders with different preferences and strategies.

Standard account with balanced trading conditions
Demo account
Low minimum deposit

No ECN/Raw spread account
No Cent account

Propex24 account types vs top competitors
	Propex24	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	No	Yes	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	No	Yes	Yes
VIP	No	No	No
Managed	No	No	No

Propex24 accounts trading conditions

A live account with Propex24 is necessary to initiate trading on its platforms. Prospective clients have the option to open either a Live account for real market trading or a Demo account for simulated trading.

Account types:

Account Type	Description
Live Accounts	Those are divided into Individual, Joint, Sole Trader, Company, Trust, or Superannuation Fund accounts. The Individual account is for retail traders. It is opened with Saxo Capital Markets since Propex24 is an introducing broker and does not manage accounts.

Islamic accounts are currently unavailable. The demo account is available for up to 20 days.

Propex24 offers advanced platforms for trading basic and derivative financial instruments with 9 chart types, asset screeners, price alert support, and Autochartist data.

Deposit and Withdrawal

Score:

6.5 /10

Propex24 received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

Propex24 provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Bank wire transfers available
No deposit fee
No withdrawal fee
Bank card deposits and withdrawals

BTC not available as a base account currency
BTC payments not accepted
PayPal not supported

What are Propex24 deposit and withdrawal options?

Propex24 provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.

Propex24 Deposit and Withdrawal Methods vs Competitors
	Propex24	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	No	Yes	No

What are Propex24 base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Propex24 supports the following base account currencies: USD, EUR, GBP, JPY, AUD, CAD, CHF, NZD, HKD, SGD.

What are Propex24's minimum deposit and withdrawal amounts?

The minimum deposit on Propex24 is $2,000, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Propex24’s support team.

Markets and Tradable Assets

Score:

8.3 /10

Propex24 offers a wider selection of trading assets than the market average, with over 33541 tradable assets available, including 185 currency pairs.

185 supported currency pairs
33541 assets for trading
Commodity futures are available

Copy trading not available
Crypto trading not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by Propex24 with its competitors, making it easier for you to find the perfect fit.

	Propex24	ZForex	Plus500
Currency pairs	185	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	33541	80	2800
Stocks	Yes	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	No	Yes	Yes
Stock indices	No	No	Yes
Options	Yes	No	Yes

Investment options

We also explored the trading assets and products Propex24 offers for beginner traders and investors who prefer not to engage in active trading.

	Propex24	ZForex	Plus500
Bonds	Yes	No	No
ETFs	Yes	No	Yes
Copy trading	No	Yes	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

5 /10

We successfully registered an account with Propex24 in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Propex24 is $2,000.

The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.

Fully online account opening process
Low minimum deposit requirement

Account approval may require extra time depending on the documentation.
Registration process may take longer than expected

Propex24 account opening
	Propex24	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$2,000	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	20	8	5
KYC time (days)	2	1	3

Is Propex24 available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

To start trading with Propex24, open a live account. Here is a brief overview of the account creation process:

On any page of the Propex24 website, click "Start Trading," and then select “Live Trading.”
A form will open to initiate the account opening process with Saxo Capital Markets, the entity that will handle your trading orders. Select the desired account type and provide all required information, including personal details, income amount and source, and level of trading experience. You'll also be asked to answer questions regarding your experience trading the selected asset classes and upload the necessary documents.
Propex24’s user account features:
- Trading in the web trading platform..
- Market data applicable to trading..

Additional features of Propex24’s user account allow traders to:

Access complete information about trading accounts.
Deposit funds and submit withdrawal requests.
Set commands for automatic logout.
Choose language, region, and trading server time.
Configure price alerts.

Customer Support

Score:

5.2 /10

Customer support at Propex24 is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. Propex24 provides basic support functionality but does not stand out in overall service performance.

Information

Client support operates 24/5. The default language of communication is English.

It is possible to communicate with the company's representative online and by phone
Support for traders is available at any time of day on weekdays

The chat response speed is slow
Questions about trade execution speed and quality need to be directed to Saxo Bank's support team.

There are several ways to contact Propex24:

Send a question in the website chat.
Use the Facebook Messenger (switch through the online chat).
Send an email.
Call the phone numbers listed on the company website.
Fill out the contact form available in the contacts section.

The chat remains active for 24 hours even if the trader is inactive, allowing the discussion of the question or issue to be resumed later if desired.

Contacts
Registration address	Propex 24 Pty Ltd, Level 24, 66 Goulburn St, Sydney, Australia 2000
Regulation	ASIC
Official site	https://propex24.com/
Contacts	enquiries@propex24.com (02) 8231 3650

Best Propex24 Alternatives

zForex

8.1 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.2 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.9 /10

Regulation Tier-1

EUR/USD 0.7 pips

FAQs

How are Propex24 trading commissions, spreads, and non-trading fees structured?

Propex24 has been assessed as having medium overall fees, with low forex trading fees and no charges for deposits, withdrawals, or inactivity. On its Standard account, trading costs are built into floating spreads, with typical EUR/USD spreads ranging from 0.6 to 1.1 pips and GBP/USD from 1.2 to 1.9 pips, and the broker does not offer a separate ECN/Raw spread account.

What account types and key trading conditions are available at Propex24?

Propex24 offers a Standard live account and a Demo account, but does not provide ECN/Raw spread, cent, micro, swap-free, VIP, or managed accounts. Live accounts can be opened as Individual, Joint, Sole Trader, Company, Trust, or Superannuation Fund, Islamic accounts are not available, and demo accounts are limited to 20 days of use.

What do user reviews and feedback scores indicate about Propex24’s overall user satisfaction?

Propex24 has a user satisfaction score of 7.2/10 based on 5 reviews, with 20% 5-star, 20% 4-star, and 60% 3-star ratings. According to user reviews, this distribution suggests a generally mixed experience, with most users rating the broker as average rather than very positive or very negative.

What markets and asset classes can traders access with Propex24 according to reviews?

Propex24 provides access to over 33,541 tradable assets, including 185 currency pairs, stocks, commodity futures, and options, as well as bonds and ETFs for more investment-oriented approaches. Crypto and stock index trading, as well as copy trading, PAMM, and managed accounts, are not available according to the section content.

How do reviews describe the Propex24 trading account registration process and requirements?

The account opening process at Propex24 is fully online, with registration taking about 20 minutes and KYC verification typically completed within 2 business days, and it requires a minimum deposit of $2,000. Based on user feedback in this section, the onboarding works as expected but may feel slower or more complex than ideal, as account approval time can depend on the documentation provided.